Neteller is a digital wallet that allows you to send and receive money, make online purchases, and engage in various financial transactions. In addition to its core features, the platform also enables you to buy and sell cryptocurrencies, expanding its services to cater to the growing interest in digital asset.
Neteller offers personal accounts and business accounts. Neteller business accounts are used by onlime merchants to receive money from clients. The accounts can also be integrated to eCommerce platforms to make it easy for clients to pay for goods and services. To apply for a business account, you need to own a fully operational website, provide a detailed description of your business and the intended use for your Neteller account. During the verification process, you’ll also be asked to provide an official registration document for your company.
Benefits of Neteller in Nigeria
Neteller in Nigeria brings numerous advantages compared to a traditional local banks. As a digital wallet, Neteller enables payments using uploaded funds, bank accounts, cryptocurrencies, or debit/credit cards. By choosing Neteller over online banking or cards, you gain access to instant international transfers, convenient payments to various merchants including gaming and betting platforms, and the ability to engage in cryptocurrency trading in Nigeria. International payments through Neteller are typically fast and come with minimal charges.
Neteller offers the added convenience of secondary account balances in different currencies. This feature reduces the need for frequent currency conversions, helping you avoid associated fees. Active Neteller users can also take advantage of exclusive programs such as Loyalty, VIP, and Ambassador programs, which offer additional perks and rewards. Furthermore, you can reach out to Neteller customer support through chat, email, phone, or in-account messaging.
How to Open a Neteller Account in Nigeria
To open a Neteller account in Nigeria, visit the website and click on the “Sign Up” button. Alternatively, you can use Neteller app. Fill in the registration form with the required details, including your email address, password, and full name. Choose your preferred account currency, such as Nigerian Naira, and agree to the terms and conditions. Afterward, verify your email address by clicking on the verification link sent to your email inbox.
How to Verify Neteller Account in Nigeria
To ensure fully access to all the benefits of your Neteller account, it is recommended to complete the identity verification process. While you can use your account for sending and receiving funds up to a certain limit without identity verification, reaching this limit will trigger the requirement for identity verification. To verify your identity, you will typically need to provide documentation such as a photo of your government-issued ID, a selfie, and proof of address. Neteller verification time can take between 24 hours to 3 days.
How to Fund Neteller in Nigeria 2023
To start using your Neteller account, you need to fund it. You can deposit funds into your Nigerian Neteller account from your bank account, a debit or credit card, crypto wallet mobile wallet such as Skrill.
Once your account is funded, you can make online payments using just your email address and password, eliminating the need to repeatedly enter your payment details, as you can store them. You can upload and withdraw funds from your Neteller account whenever needed.
Neteller Cryptocurrency Deposits
First, log into your Neteller account and click on the “Money In” tab and select the bitcoin option. Type in the amount you want to deposit into your Neteller account (your bitcoin app should be running). You will then be redirected to a third-party app through which you will complete your transaction.
Neteller Bank Transfer Deposits
First, log into your Neteller account and click on the “Money In tab” then select the Bank transfer option. Next, choose the “Deposit Now” button and enter the amount you wish to load into your account and click “Continue”. Bank details and reference number to be used in the transaction will be displayed. Then, complete the payment either using your online banking, by visiting your local bank branch, at an ATM, or over the phone with your telephone banking.
Skrill Neteller Deposits
The Skrill Neteller transfer option will work only if you have a Skrill account. The first step is to log into your Neteller account. Next, click on the “Money In” tab and select the Skrill option. From here, you will be redirected to a Skrill page where you will add your Skrill account details. Next, click on the “Pay Now” tab and your Neteller account will be credited.
How to Withdraw from Neteller in Nigeria
You can withdraw funds from your Neteller account using several methods. First, you will go to the “Money Out” section, which will lead you to the available withdrawal methods. From here, you can select your preferred withdrawal method. You can withdraw directly to your bank account, to your Skrill account, or to your mobile wallet. It is important to note that for all methods, you will need your secure ID to complete the transactions.
How to Withdraw from Neteller to Nigeria Bank Account
First, log into your Neteller account and head to the “Money Out” section. Choose the Bank Transfer option and click on “Withdraw Now”. If you are withdrawing for the first time, add your bank account details then click “Next” and enter the amount of money you wish to withdraw. After, click “Next” and a summary of your transaction details will be displayed. Check the details and if they are okay, click “Confirm” to complete the transaction. It usually takes 2-5 business days for your money to show up in your bank account.
How to Withdraw from Neteller to Skrill Account
If you have Skrill Nigeria account, then log into your Neteller account and go to the “Money Out” tab. Under Skrill, click on the “Withdraw Now” tab. Next, enter the amount you want to withdraw and a valid email address of the receiver (it can be you or another person). Click “Next” and check the summary of your transaction. If everything is fine, click “Confirm” to complete the withdrawal.
How to Withdraw from Neteller to your Mobile wallet
First, go to the “Money Out” tab in your Neteller account and select “Mobile Wallet” as your withdrawal option. Then, select “Withdraw Now” and click “Next” to enter the amount you wish to withdraw. On clicking “Next”, you will be taken to a page containing a summary of your withdrawal. Check and click “Confirm” to complete the transaction.
Can You Buy Crypto with Neteller in Nigeria?
To buy bitcoin with Neteller in Nigeria, you need to follow a few simple steps. Firstly, ensure that your Neteller account is funded. Then, access the “Crypto” tab, which can be found at the bottom of the Neteller app or on the left side of the desktop. Choose the cryptocurrency you want to purchase from the available options. Once you have made your selection, click on the “Buy” button. Your Nigerian Naira will be converted into the chosen cryptocurrency at the current exchange rate
Neteller Fees in Nigeria
| Fees | Description |
|---|---|
| Opening Neteller account | Free |
| Deposit | No fees for depositing funds into Neteller account in Nigeria |
| Withdrawal | Fees vary based on withdrawal method |
| Bank transfer | Flat fee of $10 USD for withdrawing funds to a bank account in Nigeria |
| Card | Withdrawal fee ranges from 0% – 7.5% of the withdrawal amount for card |
| Merchant sites | No fees for withdrawing funds to merchant sites in Nigeria |
| Money transfer | Withdrawal fee of 2.99% of the withdrawal amount, with a minimum fee of $0.50 USD |
| Transaction | Flat fee of 0.50% of the transaction amount for all Neteller transactions in Nigeria |
| Monthly service fee | No monthly service. $5 USD after 6 months of inactivity |
For the latest Neteller fees in Nigeria, please contact Neteller within the app.
Is it Safe to Use Neteller in Nigeria?
Yes. Neteller is owned and operated by Paysafe Financial Services Limited, and they are regulated to offer electronic money transactions by the Financial Conduct Authority in the UK. The platform is developed with the same demands on security and performance as the sites used for banking services. It uses advanced technology called Secure Socket Layer (SSL) with strong 128-bit encryption, which is certified by VeriSign. This technology ensures that your Neteller account and transactions are highly secure. It protects your personal information and keeps it safe from unauthorized access.
Neteller Alternatives in Nigeria
Although Neteller Nigeria is an ideal eWallet for your transactions, it might not be what you need. The following are its alternatives in Nigeria:
A Review of Neteller in Nigeria
Neteller in Nigeria offers numerous advantages over traditional banks. It serves as a digital wallet, allowing payments with various funding sources. With Neteller, you can make instant international transfers, pay merchants including gaming platforms, trade cryptocurrencies, and enjoy dedicated customer support. It also provides secondary account balances in different currencies and exclusive programs for active users.
Is Neteller available in Nigeria? Can I use Neteller in Nigeria?
Yes, Neteller is available in Nigeria. You can use Neteller in Nigeria to make purchases online, send and receive money, and buy sell cryptocurrency.
How to open a Neteller account in Nigeria
To open your Neteller account in Nigeria, visit the Neteller website. Click on the "Register" button to initiate the account registration process.
How can I withdraw money from Neteller in Nigeria?
You can withdraw money from your Neteller in Nigeria account through various methods. You can transfer funds directly to your Nigerian bank account, withdraw to your linked debit or credit card, or transfer funds to your bitcoin wallet.
How to verify Neteller account in Nigeria
To verify your Neteller account in Nigeria, you need to provide necessary documents such your official ID, a selfie and proof of address.
Is Neteller card available in Nigeria?
No. Neteller card is not available in Nigeria. Neteller card is available only to residents of authorized European Economic Area (EEA) countries and the UK.
Can I buy crypto with Neteller in Nigeria?
Yes, you can buy cryptocurrencies with Neteller in Nigeria.